Reservoir Link Energy Bhd. (RLEB), an energy related services provider, has announced that its subsidiary, Reservoir Link Sdn. Bhd. (RLSB), received a letter of award from Hibiscus Oil & Gas Malaysia Limited (HML) for the provision of well leak diagnostic and remedial services.
As per the three-year contract (which has an optional one-year extension), RLSB will supply competent personnel, all consumables, operate associated equipment to perform the sealant treatment activities and execute well integrity remediation activities related to pressure and time activated sealant services (independent equipment and without utilisation of slickline, e-line or coiled tubing unit). This will be for any of HML’s pressure and time activated sealant operations.
A focus on CCUS
This announcement was closely followed by an additional agreement confirmed by a 60% owned subsidiary of RLEB, Reservoir Link Solutions Sdn Bhd. (RLS).
This centred around a memorandum of understanding signed with Ad Terra Asia Sdn. Bhd. In order to mutually collaborate around specialised studies and work in relation to geological storage of carbon capture, utilisation and storage (CCUS) as well as subsurface, geology and geophysical studies in Malaysia.
Both parties have agreed to cooperate in relation to exploring potential business opportunities in the territory and to use reasonable efforts to explore and complete any contract mutually agreed upon. During the term of the MoU, the parties expressed a wise to explore the possibility of promoting, marketing, selling and distributing each other’s products and/or services within the territory for the duration of the agreement (expiring on 25 March 2025).
